Ben Thanh Water Supply JSC

Ben Thanh Water Supply JSC maintains a strong liquidity position, with a current ratio of 1.82, indicating the company can cover its short-term liabilities with its short-term assets. The company's liquidity_fpt score suggests it has sufficient cash flow to meet operational needs, supported by a free cash flow of 11,947,907,160 VND. However, the company's net cash position is negative after subtracting total debt, which could pose a liquidity risk in the short term.

In terms of profitability, the company's return on equity (ROE) of 7.22% and return on assets (ROA) of 5.1% are in line with the industry's preferred metrics, suggesting efficient use of equity and assets to generate profit. The operating margin, calculated as operating income divided by revenue, is 16.05%, which is a strong indicator of the company's ability to control operating costs.

The company's revenue is primarily concentrated in its domestic operations, with no disclosed international revenue streams. This concentration may expose the company to regional economic fluctuations and regulatory changes in Vietnam. The company operates as a single business segment, which simplifies its operational structure but also limits diversification.

Looking at the growth trajectory, the company's outlook for the current fiscal year is positive, with expected revenue growth driven by increased demand for water supply services. The next fiscal year is projected to show continued growth, although the exact numeric delta is not provided. The company's capital expenditure of -20,332,008,190 VND indicates a significant investment in infrastructure, which is expected to support long-term growth.

The risk assessment for Ben Thanh Water Supply JSC indicates a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio of 0.05 is relatively low, suggesting a conservative capital structure. However, the negative net cash position after subtracting total debt could be a concern if the company faces unexpected liquidity needs. The company has not disclosed any recent dilution events, and the dilution potential is considered low.

Recent events related to the company include its latest financial filing, which provides an updated view of its financial health. The company has not disclosed any significant regulatory or legal issues in its recent filings. The company's management has not issued any recent guidance that would significantly alter the outlook for the company.

Net income grew at a 12.2% CAGR over four years, demonstrating strong historical profitability expansion.

Debt-to-equity ratio of 0.05 is in the top quartile, reflecting a very conservative capital structure.

Long-term debt decreased significantly to 5.8 billion VND in FY0, reducing financial leverage risks.

Revenue declined 1.9% year-over-year in FY0, breaking the previous growth trajectory.

Cash conversion ratio of 1.07 is below the 1.72 industry median, indicating weaker cash generation.

Medium liquidity risk flags potential challenges in meeting short-term financial obligations.